Press Releases Details

HERNDON, VA - December 31, 2013 - ePlus inc. (NASDAQ NGS: PLUS - news) today announced that it has successfully completed the Type 2 SSAE 16 (Statement on Standards for Attestation Engagements) examination for its Managed Services Center, issued by an independent service audit firm. The Type 2 SSAE 16 examination (or SOC 1), which supersedes the SAS 70 audit standard, was performed in accordance with the standards established by the American Institute of Certified Public Accountants (AICPA).

The ePlus SSAE 16 report found that both the design and operating effectiveness of certain controls supporting ePlus' Managed Services Center provided "reasonable assurance" that the specified control objectives were achieved during the specific period of the examination.

"As technology consumption models continue to evolve and change, it is critical that ePlus responds accordingly, shaping our service delivery offerings to address market demand," said Dan Farrell, senior vice president of national services for ePlus Technology. "Validation of our existing service portfolio, as evident from this SSAE 16 report as well as other third-party audits ePlus has completed related to our Managed Services offering (including Cisco Cloud and Managed Services Master Certification) demonstrates that we have a strong foundation in place from which to grow and evolve. We look forward to continuing to enable customers to optimize operations, manage risk, and reduce costs."

The ePlus SSAE 16 report includes the service auditor's opinion that:

The description provided by ePlus fairly presents the Managed Services Center system that was designed and implemented throughout the period of January 1, 2013 to September 30, 2013.

The controls related to the control objectives stated in the description were suitably designed to provide reasonable assurance that the control objectives would be achieved if the controls operated effectively throughout the period of January 1, 2013 to September 30, 2013, and user entities applied the complementary user entity controls contemplated in the design of ePlus' controls throughout the period of January 1, 2013 to September 30, 2013.

The controls tested, which together with the complementary user entity controls referred to in the scope paragraph of the report, if operating effectively, were those necessary to provide reasonable assurance that the control objectives stated in the description were achieved, operated effectively throughout the period of January 1, 2013 to September 30, 2013.

ePlus Managed Services help enterprises proactively control their IT infrastructure and off-load a significant burden of day-to-day IT tasks in order to optimize operations and manage risk. ePlus has delivered Managed Services for more than 10 years to a wide range of customers across multiple industry verticals through its 24/7/365 Managed Services Center. For more information about ePlus Managed Services, visit www.ePlus.com/ManagedServices/Pages/default.aspx.

About ePlus inc.

ePlus is a leading integrator of technology solutions. ePlus enables organizations to optimize their IT infrastructure and supply chain processes by delivering world-class IT products from top manufacturers, managed and professional services, flexible lease financing, proprietary software, and patented business methods and systems. Founded in 1990, ePlus has more than 900 associates serving federal, state, municipal, and commercial customers nationally. The Company is headquartered in Herndon, VA. For more information, visit www.eplus.com, call 888-482-1122, or email info@eplus.com. Connect with ePlus on Facebook at www.facebook.com/ePlusinc and on Twitter at twitter.com/eplus.

ePlus and ePlus products referenced herein are either registered trademarks or trademarks of ePlus inc. in the United States and/or other countries. The names of other companies and products mentioned herein may be the trademarks of their respective owners.

Statements in this press release that are not historical facts may be deemed to be "forward-looking statements." Actual and anticipated future results may vary materially due to certain risks and uncertainties, including, without limitation, possible adverse effects resulting from financial market disruption and general slowdown of the U.S. economy such as our current and potential customers delaying or reducing technology purchases, increasing credit risk associated with our customers and vendors, reduction of vendor incentive programs, and restrictions on our access to capital necessary to fund our operations; our ability to consummate and integrate acquisitions; the possibility of goodwill impairment charges in the future; significant adverse changes in, reductions in, or losses of relationships with major customers or vendors; the demand for and acceptance of, our products and services; our ability to adapt our services to meet changes in market developments; our ability to implement comprehensive plans for the integration of sales forces, cost containment, asset rationalization, systems integration and other key strategies; our ability to reserve adequately for credit losses; our ability to secure our electronic and other confidential information; future growth rates in our core businesses; our ability to protect our intellectual property; the impact of competition in our markets; the possibility of defects in our products or catalog content data; our ability to adapt to changes in the IT industry and/or rapid change in product standards; our ability to realize our investment in leased equipment; our ability to hire and retain sufficient qualified personnel; and other risks or uncertainties detailed in our reports filed with the Securities and Exchange Commission. All information set forth in this press release is current as of the date of this release and ePlus undertakes no duty or obligation to update this information.